Medical practices are especially vulnerable to embezzlement because they are typically cash businesses run by a close-knit staff that the physician tends to regard as “family.” You can protect your practice by establishing a formalized system of controls for monitoring money.
A TMA consultant will review your current internal control mechanisms, identify potential weaknesses, and make specific recommendations for safeguards, processes, and duty assignments your practice needs to shield you against embezzlement.
An assessment includes a review of cash handling and inventory control procedures, and a comparison of profit and loss statement to benchmarks. A written report with recommendations for improvement is provided to the practice within 30 days of the on-site assessment.
CLICK HERE to submit an online Request for Proposal for your practice.
If you have any questions, contact TMA Practice Consulting at (800) 523-8776 or e-mail TMA Practice Consulting.